Oct 18, 2024
TSMC Hikes Revenue Outlook in Show of Confidence in AI Boom
Posted by Cecile G. Tamura in categories: robotics/AI, sustainability
The world’s largest maker of advanced chips has been one of the biggest beneficiaries of a global race to develop artificial intelligence.
Taiwan Semiconductor Manufacturing Co. shares hit a record high after the chipmaker topped quarterly estimates and raised its target for 2024 revenue growth, allaying concerns about global chip demand and the sustainability of an AI hardware boom.